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SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
LM Asset (IM) Inc.

(Last) (First) (Middle)
915 1055 WEST HASTINGS STREET

(Street)
VANCOUVER A1 V6E 2E9

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
12/18/2025
3. Issuer Name and Ticker or Trading Symbol
GRAN TIERRA ENERGY INC. [ GTE ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 65,550(1) D
Common Stock 3,531,200 I See Note(2)
Common Stock 145,000 I See Note(3)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
LM Asset (IM) Inc.

(Last) (First) (Middle)
915 1055 WEST HASTINGS STREET

(Street)
VANCOUVER A1 V6E 2E9

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Man Christine

(Last) (First) (Middle)
915 1055 WEST HASTINGS STREET

(Street)
VANCOUVER A1 V6E 2E9

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. These securities are beneficially owned solely by Christine Man.
2. These securities are held by private investment funds managed by LM Asset (IM) Inc. ("LMAIM"). LMAIM may be deened to beneficially own these securities as the investment adviser to those funds. Ms. Man is a control person of LMAIM and may be deemed to beneficially own these securities as a control person of LMAIM. Each reporting person disclaims beneficial ownership of such securities except to the extent of their respective pecuniary interests therein.
3. These securities are held by companies of which Ms. Man is a director and controlling shareholder. Ms. Man may be deemed to beneficially own these shares because she is a control person of those companies. She disclaims beneficial ownership of such securities except to the extent of her pecuniary interest therein.
Remarks:
The reporting persons are filing this Form 3 jointly but not as a group, and each reporting person expressly disclaims membership in a group within the meanbing of Rule 13d-5(b) under the Securities Exchange Act of 1934.
/s/ Christine Man 12/19/2025
/s/ Christine Man, Director of LM Asset (IM), Inc. 12/19/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.